Dee Kartavya Finance Ltd to raise funds through issue of shares

The Board of Directors of Dee Kartavya Finance Ltd at its meeting held on May 02, 2014 have approved the proposal to raise additional funds by way of Issue of 75,00,000 (Seventy Five Lac Only) Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each per equity share, on preferential basis to the Strategic Investors in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements), (Second Amended) Regulations, 2013 dated August 26, 2013.

The Board approved the Notice to convene the Extra Ordinary General Meeting to be held on May 27, 2014 of the Shareholders of the Company to consider and approve the aforesaid matters in pursuant to section 42 and other relevant provisions of the Companies Act, 2013 & other rules & regulations of SEBI and other appropriate authorities.

Shares of DEE KARTAVYA FINANCE LTD. was last trading in BSE at Rs.2.87 as compared to the previous close of Rs. 2.82. The total number of shares traded during the day was 1 in over 2 trades.

The stock hit an intraday high of Rs. 2.87 and intraday low of 2.87. The net turnover during the day was Rs. 2.

Source : Equity Bulls

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